RBI’s job is to keep inflation low at all times, says Rajan
MUMBAI: Despite the clamour for a rate cut to boost the stagnating economy, Reserve Bank governor Raghuram Rajan has made it clear that the central bank favours a rate of interest that benefits both borrowers and savers. “For the RBI, the key tasks are to keep inflation low not just today... read more »
Israeli aircraft strike Gaza after rocket fire
Israel carried out air strikes in the Gaza Strip on Saturday after Palestinian militants there fired rockets into southern Israel. The overnight air strikes targeted two training camps belonging to the Islamist group Hamas, causing no injuries, officials and witnesses said. Late on Friday, Gaza... read more »
Saudi-led coalition mistakenly kills 15 in Yemen
About 15 pro-government fighters were killed when Saudi-led warplanes shelled their military positions by mistake in Yemen’s oil-rich province of Marib, a military official has said. “A convoy of tribesmen fighting alongside with the Saudi-backed government forces was mistakenly hit by... read more »
For the first time in 70 years, Japan to let troops fight abroad
TOKYO: In a middle-of-the night vote that capped a tumultuous struggle with opposition parties in Parliament, Prime Minister Shinzo Abe of Japan secured final passage of legislation on Saturday authorizing overseas combat missions for his country’s military, overturning a decades-old policy... read more »
